What is a Series 3 license?. Welcome to the Investors Trading Academy talking glossary of financial terms and events.
Our word of the day is “Series 3 license”
The Series 3 license authorizes representatives to sell commodity futures contracts, which are generally considered the riskiest publicly traded investments available. Representatives that carry the Series 3 license tend to specialize in commodities and often do little or no other business of any type.
The Series 3 exam is approximately 120 minutes long and covers all forms of commodities transactions, options, hedging, margin requirements and other regulations. An offshoot of this license is the Series 31 license, which allows representatives to sell managed futures.
By Barry Norman, Investors Trading Academy - ITA
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